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Africa

 

news by category: Africa

Found 945 articles.

Displaying 38 results from 2013 (out of 945 total).

A trillion-dollar promise

Chinese officials are still bullish about Africa but the IMF worries that the continent’s export growth will weaken as investment in China drops off

Despite talk of slower growth and less investment in China over the medium term, Chief Country Risk Analyst at the Export-Import Bank of China Zhao Changhui predicts that...


Talks on illegal timber

China, the largest buyer of illegal timber, is working with the European Union and African governments to improve the global forestry trade

Governments from three continents have launched an unprecedented cooperative effort against the illegal forestry trade in Africa. Officials from Africa, Asia and Europe discussed ways to crack down...


Africa is our future

With conflicting strategies pulling France in different directions, two senators map out a plan for cooperation with China in Africa

In a policy paper entitled L’Afrique est Notre Avenir (Africa is Our Future), the Senate sought to lay out France’s Africa policy and respond to China’s growing influence...


Africa gets into the driving seat

Governments are negotiating much more robustly with Chinese companies and cancelling those contracts they judge to be poor value

It had seemed that the big-ticket investors in African countries sponsored by China would be free to run rough-shod over investment and other legislation, given the fervour with...

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Sparklers for Beijing

Chinese companies are seeking new joint venture partners and buying stakes in established companies to increase the supply of rough diamonds to Chinese markets

While Beijing is getting ready to take its turn at the presidency of the Kimberley Process Certification Scheme, Chinese companies are busy launching a new investment drive in...


Chinese partners make mining projects viable

With less money around for mining investments, companies are taking on multiple partners

Like many other mining companies, Mwana Africa and its Chief Executive Officer Kalaa Mpinga are not just counting on one company for finance for future mining projects. With...


A new phase of China-Africa cooperation

Peace and security will move up the agenda

China’s Foreign Minister Wang Yi and his counterparts from 40 African governments came together for the Third Round of Political Consultations during the meeting of the United Nations...


More boots on the ground

After despatching two military missions in 18 months, President Hollande’s whole Africa policy is taking on a new seriousness

The loss of two soldiers just days into the Opération Sangaris deployment in Central African Republic reminded French President François Hollande of the human – and political –...


Security crises threaten economic success

A new model for intervention forces emerges in Congo-Kinshasa, as financial pressures mount on other UN operations

A team of ambassadors from the United Nations Security Council flew from New York to Congo-Kinshasa, just as the season of UN General Assembly debates and high-level meetings...


Taylor goes down alone

Taylor loses his appeal against war crimes conviction as governments demand changes in international courts

The Special Court for Sierra Leone's confirmation on 26 September of the 50-year sentence for war crimes of Charles Taylor, the former President of Liberia, comes as African...


A gamble on secession

A private company claiming to have bought oil licences from three governments in exile is looking for investors. Several prominent secessionists sit on its advisory board

Kilimanjaro Capital is not the first company to try selling mineral rights in territories claimed by secessionist movements but it must be one of the most bizarre. It...


Beny bites back

Beny Steinmetz, the Israeli mining magnate who has massive investments in Congo-Kinshasa and Guinea, is suing the public relations company FTI Consulting and its Europe Chairman, Lord Mark...


Harsh truths and high growth

As Western bankers and traders cheer higher growth rates, Africa’s economists sound alarms about the lack of investment in manufacturing and new jobs

Celebrating Africa’s impressive growth rates over the past decade has become a growth industry of its own. Africa’s economies have been outpacing Eastern Europe, the Middle East and...


The financial ties that bind

While China’s policy banks are lending to governments, India’s commercial banks are on the ground working with businesses and consumers

Chinese state-run policy banks may be leading the way in providing state-to-state finance, but commercial banks from India are capitalising on their historical ties with East Africa to...

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Timeline of the ICBC - Standard Bank deals

ICBC's investment in Standard Bank has not delivered all that it promised, but it has nonetheless led to some key financing packages

Key events from November 2008 to August 2012


Asian banks spread across the continent

Some banks have been on the continent for decades but the rise in trade levels over the last decade has driven more competition to Africa

AAC's got it mapped


Bonding over bourses

Stock exchanges in Shanghai and Johannesburg embarked on a new cooperative project in August that will encourage more equity investments

Following the Johannesburg Stock Exchange-Shanghai Stock Exchange memorandum of understanding in September 2012, the inaugural South Africa-China Capital Market Forum was held at the JSE in August. Representatives...


Security climbs the agenda

Tokyo plans to increase its security presence in Africa next year and Prime Minister Abe discussed piracy and terrorism when in Djibouti in August

In response to the January 2013 attack on the In Amenas gas plant in Algeria, Prime Minister Shinzo Abe plans to spend a chunk of Tokyo’s 2014 defence...


The numbers game

The government's White Paper on Africa reported that trade rose to a new record of US$198.5 bn. in 2012, but the report lacks the detail other governments provide

China’s trade and investment in Africa continues to rise rapidly since it became the continent’s largest trading partner in 2009, new Chinese government statistics show. On 29 August,...


Trade levels rise and rise

New statistics show continued high rates of growth in Asia-Africa trade, as African economies become more entwined with the BRICs

Africa’s trade with Asia’s major economies has gone from strength to strength, as trade with China and India continues to grow much faster than trade with the United...


Africa and the great Chinese slowdown

As Nigerian exporters have trouble selling crude in the United States because of the fracking revolution and South African economists study movements of China’s yuan for their impact on the rand, Africa’s economies are ever more strongly linked to Asia’s.

As Nigerian exporters have trouble selling crude in the United States because of the fracking revolution and South African economists study movements of China’s yuan for their impact...


Africa's bidding war

Tokyo used its conference to show that Japan's aid and its private sector can compete with China and India in Africa

At the Fifth Tokyo International Conference for African Development, Prime Minister Shinzo Abe’s government pledged ¥3.2 trillion (US$32 billion) in public and private funds for African growth over...


Spotlight on Queensway Group

China International Fund's former parent company, Dayuan International Development, is ordered by a judge to hand over its books to a former director

A high-profile Hong Kong court case could reveal more details about the business dealings of the secretive China International Fund and China Sonangol. Nicknamed the ‘88 Queensway Group’...


TICAD V: An agenda for business

TICAD attendees will discuss how to get the Japanese private sector involved in African development and how to fight against piracy and instability

Japan will roll out its plan for the next five-year phase of African engagement at the Fifth Tokyo International Conference for African Development in Yokohama on 1-3 June....

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Angry envoys

Seoul is developing new initiatives to bolster its African diplomacy but is inadvertently ruffling feathers with perceived errors in protocol

Ahead of the late May visits to Seoul of Presidents Yoweri Museveni of Uganda and Armando Guebuza of Mozambique, new President Park Geun-hye declared that South Korea must...


Lu’s broadside at Western policy

China’s top Africa policymaker, Lu Shaye, took to the pages of the officially sanctioned China International Studies in March to slam the interventions by Western governments in Central...


The BRICS didn’t break out the bank

The emerging countries’ summit reached agreement on a currency stabilisation fund and ministers will continue negotiations on a new development bank

Symbolism and messages counted more than the details at the BRICS (Brazil, Russia, India, China and South Africa) summit in Durban, South Africa, on 26-27 March. So, after...


Workers of China unite – in Africa

Trades unions may still have problems operating independently in China but Chinese workers and entrepreneurs are more ready to take industrial action on African projects.


Negotiating African risk

After underestimating the challenges facing their African investments, Chinese companies are looking for new ways to protect their projects and personnel

'China wholeheartedly welcomed by Africa,’ crowed the state-owned China Daily on 5 March. Yet China’s ever-growing relations with the continent face a complex environment of political and economic...


Chinese investment reality check

The United States Government Accountability Office released a detailed report last month, which reveals the different impacts of its African strategies and those of China. Interestingly, the GAO’s...


Private companies under the radar

Official Chinese statistics vastly underestimate the number and value of private Chinese investments in Africa, according to a recent World Bank report. Private Chinese Investment in Africa: Myths...


Year of the Snake

Demand for natural resources will ease as China focuses more on internal politics while moving towards consumer-led growth and management of political risk

The year 2012 was a tumultuous one, as might be expected from a Year of the Dragon. However, while the run-up to the Chinese leadership transition was nothing...


Abe backs business

Japan’s private sector is taking a more strategic view of Africa and Prime Minister Shinzo Abe’s new government will back them all the way

Governments may come and go but the Tokyo International Conference on African Development remains at the heart of Japan-Africa relations. Even as Prime Minister Shinzo Abe’s Liberal Democratic...


Big projects and bottlenecks

Natural resources are still the main draw for investors but new markets for India’s food, services and consumer goods beckon the big companies

The Indian National Congress and Manmohan Singh will try to hang on until general elections are called, in mid-2014 at the latest. With corruption fuelling the public’s anger,...


Going strong

2012 marked a turning point in every sector of South Korea’s ties with Africa – diplomacy, trade, investment and official development assistance

South Korean companies are the contractors of choice for African governments but the East Asian country is also expanding its peacekeeping and official development assistance (ODA) agenda in...


Growth in a time of global austerity

Despite the global slowdown, Africa-Asia trade moves full steam ahead

State-owned oil company PT Pertamina made its largest African acreage purchase in December. A deal for stakes in three Algerian blocks owned by United States company ConocoPhillips for...


Displaying 38 results from 2013 (out of 945 total).